Page 3 Advertisements Column 2

Inangahua Times, Volume XI, Issue 1753, 6 September 1886, Page 3

GLOBE GOLD MINING COMPANY (Limited). AT a Meeting of Directors held thii day a CALL (the 23rd) ol THREE PENCE per share was made, PAYABLE to ill.- Manner, at the Company's Office, R-.-ftmi, on Wr"D« NESDA7, Bth SFPTKMBER, 1886. W. HINDMARSH, M.-i'Mgcv. Retftou, Ist SeptemW, 18 6. DRESSMAKING. MRST. J.MOLLOY begs to inform the LA. -IKB of RneftMi that she is Prepared to vi dntuke all kinds of DUESS-MAKING. All the Latest London and Paris Fashions by each European mail. Adflresa — T. J. Molloy's premises, (late W.rG.jCollings), Broadway. TO LET ON EASY TERMS. A FARM at LARRY'S CREEK, near the TOWNSHlP,|coiitaiiiiug 100 AOREIj of GRASS. to tlie Undersigned, W. ROBERTS, Left hand Branch. V. R. PRELIMINARY ANNOUNCEMENT. { N AMATEUR Dramatic ENTERA TAINMENT {j.in aid of the Uniform Fund of the Reefton Cadets. will Ye held on'FRIDAY, [24th SEPTEMBKR Further particulars in future issue. PROSPECTUS OF THE TTNITED DEVONSHIRE GOLD U MINING COMPANY, Limited. Cafital; L 6,000,, 000, in 30,000 Shares, of 4s Each. Provisional Directory : Mr W. Irving Vl r David Young, Mr . Moncriefe Mr H. Campbell, \: rD. Matheson Mr J. M'Mastkks, Bankers ; National Bank of New Zealand, Limited. H. G. Hankin, Secretary. The Registered office of the Company is to|bej,iu Reefton. The property proposed to be worked is comprised in a quartz mining lease of 16£ acres, situate on Anderson's Hill, in tho luangahua district, and embraces two well known gold-bearing mines that some thirteen years ago were in full work, and in a flourishing condition, viz., the Anderson's Creek and Invincible GoldjMining Companies, Registered. The former mined about 7,000, and the latter company under 1,000 tons of quartz which yielded respectively a general average of 19dwts 12gr8, ami 23(Uvts 7grs per ton, while both declared dividends only to the extent of L 1,600,, 600, a circumstance attributable primarily to the very high cost of production, wages then ruling at from L 5 to L 4 per week, while crushing was 30s per ton, which, together with a very marked absence of quartz mining experience, combined with the severe monetary depression then prevailing, led first to a temporary cessation ''of work, resulting subsequently in the cancellation by the Crown of the mining leases, for non-ob--Bervauco of the covenants, and finally culminating in the voluntary winding up, and abandonment of the mines by the companies. Such is the brief history of the companies who occupied the ground it is now proposed to" work. And now, in reference to the lattor proposal, there need be no doubt entertained with regard to the existence of large quantities of highly payable quartz throughout the leasehold, the knowledge of which prompted the present proprietory (several of whom were large shareholders in the original companies, and likewise worked in the mines, and are cognizant of the presence of stone), to secure a title to the ground and re-open the mines, which can be effected at a small expenditure, both tunnels and shafts being available with slight repairs to shortly enable quantities of stone to be brought to grass. A battery of 15 head of stampers is immediately contiguous and available by the construction of a few chains of tramway, at which crushing can] be executed at a cost of say 10s per ton. In view of such facts (the accuracy of which cannot Vie refuted), the value of the venture as an investment must commend itself to the most sceptical, as being exceptionally sound. More especially when the right of participation in the undertaking involves so small an outlay, coupled with a minimum of risk, "as provided by the terms of the limit of liability ; tV present proprietors having decided to offer 24.000 shares in the open .market, at a premium of four pence per share, thus affording the public an opportunity of participating (at a small cost) in one of the most promising and legitimate mining ventures in the district. The work of opening up the stone will be commenced forthwith, when all the shares not then allotted will be withdrawn from the market. \pplicatious for shares to be made n the attached form, through the company's bankers, or any authorised sharebrokur, or to the Secretary, in which latter case to be accompanied by a marked cheque, or P.O. order. APPLICATION FOR SHARES. Gentlemen — I herehy make application for shares in the The United Devonshire G M.Co., Limited, and herewith hand you the sum of L , being the amount of Fourpeuce per share, and: I undertake to sigh the Articles of Association when presented for that purpose. Signature Witness Name in full Occupation Addles.